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Monday, May 19, 2008
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Gold Quest case: police widen probe

Special Correspondent

They have gone to Madurai, Hyderabad
To inspect properties, question more persons

CHENNAI: Special police teams from the city have gone to Madurai and Hyderabad to inspect some properties and interrogate a few persons in connection with the Gold Quest Net case.

The decision follows an investigation that found that the promoters of the company had invested the money collected from those who joined its multi-level marketing scheme in immovable assets in Hyderabad, Madurai and a few other cities. The total value of the properties may be over Rs.150 crore, said Deputy Commissioner of Police G.Sampath Kumar.

Promoters and some senior company executives were arrested in the first week of this month and the police sealed its office in Chetpet here. Cash and valuables worth around Rs.20 crore were seized.

After a search of the residence of the key accused last week, the police seized incriminating documents.

Joint Commissioner of Police M.Ravi said the number of complaints from those who joined the company’s scheme is over 12,000.

Apart from those in the city, people from Karnataka, Kerala, Andhra Pradesh and Puducherry have lodged complaints.

Company statement

Meanwhile, a press release issued on behalf of the Quest Net India on Saturday said the company would look into all complaints received by the authorities and all genuine/legitimate complaints will be settled.

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